November 9, 2023

Yeti Lifts EPS Outlook on Strong Margins and Drinkware Strength

Yeti Holdings, Inc. raised its EPS guidance for the year after seeing margins in the second quarter top expectations, expanding over 600 basis points. Q2 Sales were flat as a 6 percent gain in drinkware sales offset a recall-related decline in cooler sales. Adjusted EPS was 60 cents a share,...

November 9, 2023

Wolverine Sees New Round of Layoffs as It Looks to Further ‘Streamline’

Wolverine Worldwide is accelerating its transformation plan as it looks to “streamline” the organization. As part of this plan, the Rockford, Mich.-based footwear company on Thursday revealed a new global workforce reduction and organizational redesign. While Wolverine has not disclosed the number of employees affected by this move, the company...

November 7, 2023

LCI Industries Reports Q3 Financials

LCI Industries, through its wholly owned subsidiary Lippert, reported financial results for 2023’s third quarter. Consolidated net sales for the third quarter were $1 billion, a decrease of 15% from 2022 third quarter net sales of $1.1 billion. Net income in the third quarter of 2023 was $25.9 million, or...

November 6, 2023

EXEC: BOA, Primaloft and Velocity Outdoor Drag on Parent’s Q3 Results

Brand aggregator Compass Diversified (CODI) saw third-quarter sales decline 25 percent at BOA and 16 percent at Primaloft as both businesses continued to be impacted by elevated inventories in the marketplace. Among CODI’s other active lifestyle brands, revenues grew 13 percent at Marucci Sports and 7 percent at 5.11 while...

November 6, 2023

General RV Opening Fourth Florida Store

General RV Center will expand its Florida footprint in early December. The company will open a new store in Fort Pierce, Florida. The store is located about 20 miles north of Port St. Lucie. General RV operates 18 stores nationwide. RVNews

November 2, 2023

Cummins Names Three Experienced Leaders to New Roles

COLUMBUS, Ind.-- Today, Cummins announced several changes to the Cummins Leadership Team. These appointments are effective Jan. 1, 2024. “Destination Zero is Cummins' strategy for decarbonization of our products and is a growth opportunity for us. With our broad portfolio of innovative products, strong partnership with and understanding of our...

November 1, 2023

‘Access Problems for Everyone’: Federal Closure of Moab Trails Sparks Outrage

Off-roading groups and the State of Utah have filed legal challenges to keep Moab trails open to vehicles after federal officials announced large-scale closures in September. Gear Junkie

November 1, 2023

Vista Outdoor Reports Second Quarter FY24 Financial Results

Vista Outdoor Inc. reported financial results for the second quarter of Fiscal Year 2024 (FY24), which ended on September 24, 2023. Sales decreased $105 million to $677 million, down 13 percent, driven by lower shipments across nearly all categories in the Sporting Products segment. Gross profit declined 21 percent to $209...

November 1, 2023

Garmin Lifts Outlook On Q3 Beat

Garmin, Ltd. raised its guidance for the year as third-quarter results topped expectations. Among segments, fitness sales grew 26 and Outdoor advanced 7 percent while Marine declined 7 percent. Highlights for the third quarter 2023 include: Consolidated revenue of $1.28 billion, a 12 increase compared to the prior year quarter...

October 30, 2023

How Wave Pools Are Deploying AI as a Revenue-Producing Tool

Wave parks seem to be the first to deploy artificial intelligence in a practical way connected to surfing. And it’s immediately being promoted as a revenue tool for them. Wavegarden announced this week that it’s using an AI-based video tracking program, which will allow park guests to track their sessions...